Charitable registration turns on predominant purpose and genuine activities, while incidental fees and related-party rent require supporting adverse m...
MAT book-profit adjustments exclude disallowances for exempt-income expenditure and demerger expenditure unless expressly listed under the statutory c...
Omitted specified domestic transaction provision invalidates related-party expenditure transfer-pricing references and assessments based on consequent...
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A donation to the Prime Minister's National Relief Fund made out of CSR expenditure remained eligible for deduction under section 80G, because the disallowance of CSR under Explanation 2 to section 37(1) operates only in computing business income, while Chapter VI-A deductions apply independently to gross total income. The Tribunal held that there was no statutory bar to claiming the section 80G deduction once the payment was made to an approved fund and the statutory conditions were met. The objection based on absence of voluntariness was rejected, as the assessee's choice of recipient was sufficient. The disallowance was deleted.
A donation to the Prime Minister's National Relief Fund made out of CSR expenditure remained eligible for deduction under section 80G, because the disallowance of CSR under Explanation 2 to section 37(1) operates only in computing business income, while Chapter VI-A deductions apply independently to gross total income. The Tribunal held that there was no statutory bar to claiming the section 80G deduction once the payment was made to an approved fund and the statutory conditions were met. The objection based on absence of voluntariness was rejected, as the assessee's choice of recipient was sufficient. The disallowance was deleted.
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